The state-owned firm had posted a net profit of Rs 1,844.59 crore in the year-ago period, it said in a BSE filing. Standalone net sales of the public sector undertaking (PSU) declined by 16 percent to Rs 12,368.43 crore in the January-March quarter of the last fiscal against Rs 14,754.89 crore in the same quarter of 2013-14 fiscal.BHEL in a separate filing said it "has recommended final dividend at the rate of 31 percent (Rs 0.62 per share) on the paid up share capital of the company for the year 2014-15.